Necessary Provisions Sample Clauses
The Necessary Provisions clause identifies and mandates the inclusion of essential terms or requirements within a contract or agreement. It typically outlines specific elements that must be present for the contract to be valid or enforceable, such as compliance with applicable laws, inclusion of key obligations, or adherence to regulatory standards. By specifying these critical components, the clause ensures that the agreement is comprehensive and legally sound, thereby reducing the risk of disputes or unenforceability due to missing or inadequate terms.
Necessary Provisions. Address the resolution of these issue(s) if any have been raised or are still pending before the Board at the time of the agreement:
Necessary Provisions. The parties acknowledge that the non-solicitation and non-competition covenants contained in this Section are commercially reasonable restrictions that are necessary to preserve the Business and goodwill of the Business, and that are essential to the planned operations of the Business. The parties also acknowledge that these restrictions do not unduly hinder them respectively in their ability to earn a livelihood and support themselves financially. The parties also acknowledge that the Purchase Price is materially affected by these non-solicitation and non-competition provisions.